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million from GSX-listed transportation firm ComfortDelGro Corporation. In all, Shift4Good hopes to raise 300 million Euros for this venture fund as the company eyes to deploy into early-stage startups that are decarbonising the transportation industry in Europe and Southeast Asia.
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. That figure wasn’t disputed, nor confirmed, though.).
As the Ubers of the world continue to scale, a smaller on-demand transportationstartup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. Blacklane is on the road to building a profitable on-demand transportation platform.
At Rise of the Rest, we’ve spent years traversing the country, spotlighting emerging startup hubs, and building a network of entrepreneurial champions and ecosystem builders beyond Silicon Valley, New York City, and Boston. Market : The startup is addressing a significant, often underserved, need or problem in the market.
The increasing need to reduce carbon emissions drives many industries, including airlines and transportation, to seek sustainable alternatives to meet emission reduction targets and fulfill corporate social responsibility commitments.
Among Apple’s more recent social good initiatives is the Impact Accelerator, an effort launched about a year ago intended to find and elevate minority-owned small businesses taking on sustainability and climate change. Mosaic Global Transportation (Founder: Maurice H.
The company is driving change in the industry through the open sourcing of materials for others to benefit, and in doing so, is becoming the industry’s standard bearer on sustainability practices. Sustainable companies are most likely to lead the next generation. The fashion industry alone dumps 2.1
As investors who bet on those entrepreneurs and the industry-transforming startups they’re building, VCs have a unique perspective on what “investing in the planet” looks like at scale. What industries are ripe for transformation from a sustainability standpoint? What spaces are you watching? That is no longer the case.”
m , a startup that provides optimized transportation services for school-age children, has announced the close of a $130 million Series D raise, bringing its total funding to more than $200 million. m was awarded a $150 million contract to modernize the San Francisco Unified School District (SFUSD) transportation service.
Anyone who was doing something new and cutting edge should feel connected to each other--whether or not they are building a venture backed startup. The new owner isn't going to be putting any tech startups in the building--he's going to make the space more inhabitable for artists and their work. 55 Washington Street. Barclays Center.
From May this year, the Dat Bike Weaver++ electric motorbikes will be introduced in Ho Chi Minh City as part of the Gojek platform’s transportation and delivery service. It also aims to accelerate the transition to greener transportation for a better environment.”
And while this May’s economic backdrop was markedly different from last’s , enthusiasm was high and outlooks remained positive for the startup momentum building between the coasts. Roads, bridges, and transport will make or break a city’s ability to grow its startup ecosystem and talent pool. Infrastructure touches everything.
Nigerian mobility tech startup Metro Africa Xpress Inc. ( MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. Chinedu Azodoh is the startup’s other co-founder.
Bolt — the startup and app of the same name that operates on-demand ride hailing, shared cars and scooters; and restaurant and grocery delivery — has raised €628 million ($709 million at current rates), at a valuation of €7.4 billion ($8.4 billion). . “Now we are passing on those savings for customers.”
The firm has an Amsterdam, Copenhagen and Tel Aviv presence, and now has a $160 million sack of funds to deploy across its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. Sebastian Peck and Talia Rafaeli are heading up the new sustainability fund for Kompas.
m, a startup that wants to upgrade student transportation, a five-year $150 million contract to modernize its transport service throughout the district. m’s five-year $53 million contract with Oakland Unified School District, which began in 2020, the SFUSD contract is the largest the startup has ever won.
Disrupt will have six industry tracks, each with its own stage, including AI , fintech , hardware , SaaS , security and sustainability. Yup, sustainability, a category that will combine transportation , climate tech , smart cities and renewables. What the heck is sustainable tech, anyway? Prices go up May 12.
A number of startups and entrepreneurial initiatives working to address challenges in the transport sector have been approved for funding in round one of the Waka Kotahi Hoe ki angitū- Innovation Fund , with a second round of challenges now announced. The fund will run for two years, and its aim is to make transport greener and safer.
In anticipation of rapidly growing demand for electric vehicles and alternative transportation solutions, the company is building partnerships with governments, investors, businesses, and transportation providers throughout Southeast Asia to offer green transportation and fleet management services to support the region’s transition to zero emission.
There were many moments in each space when pioneers were funding startups and the press hadn’t written much about them and if you were a typical investor you were still funding the last trend while some VCs were trailblazing into new categories. Startup Lessons' Almost nobody believed and now look at it. Online education.
The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly in nurturing startups. Among these priorities is enhancing the startup ecosystem, marked by a desire for increased funding to nurture emerging entrepreneurs.
Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. GM Ventures tends to invest in companies that offer transportation safety or sustainability solutions that can then be implemented in future GM vehicles, manufacturing facilities and operating businesses, said GM spokesperson Mark Lubin.
Research included in the report demonstrates that “regions and local economies with strong entrepreneurship bases achieve faster and more sustainable economic growth.”. Distance and transportation. They also play a major role in raising a community’s median income and quality of life.
Its 15 active investments run the gamut from autonomous vehicles, to car insurance tech, to ride-sharing, and travel planning, but increasingly the firm is focusing its efforts on vehicle electrification and sustainable supply chains. “We have looked at a number of companies who are developing new battery chemistries.
In this guide, we’ll explore the diverse startup programs available in Singapore. Startup SG Founder The Standards, Productivity and Innovation Board Spring (SPRING) consolidates various startup assistance programs. Startups qualifying under Startup SG can access cash grants, equity financing, and business loans.
For example, American micromobility company Spin is working with Drover AI, a computer vision startup, to pilot camera-based safety systems in a few markets, and European operator Voi is doing the same with Luna in the U.K. Singapore’s micromobility startup Beam raises $26 million.
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel buses. . BasiGo’s COO, Alex Mwaura, said they will tap the country’s renewable energy resource to fuel public transportation. .
Kenya-based EV startup BasiGo has closed $4.3 The startup said it will use the new funding to set up an assembly plant in Nairobi and launch the sales and delivery of its electric buses. The EV startup is set to begin its pilot program in Nairobi next month. Mobility startups can be equitable, accessible and profitable.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 “While self-driving cars remove the driver, robotic delivery eliminates the car itself and makes deliveries sustainable and accessible to all,” said Kashani, co-founder and CEO of Serve Robotics.
That’s a dramatic shift in urban transportation by any measure, and it prompts a simple but important question: How did we get here? Second, we should anticipate that e-scooter technology will continue to develop around two key pillars: safety and sustainability. 1: Shared scooters launched (fall 2017).
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). SmartRyde announced today it has secured a $1.6 It will also use the funding for global expansion, Kimura said.
German battery recycling startup Cylib leapt at the opportunity, raising a total of €11.6 Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries “The goal of this fundraising was to accelerate the industrialization of our sustainable recycling process, which has been developed over years of research.
With over 130 early-stage businesses in its portfolio, ZEBOX aims to connect startups and corporates to accelerate decarbonization and operational optimization in the supply chain industry. The ZEBOX Asia Pacific hub has the support of Enterprise Singapore and the Maritime Port Authority of Singapore (MPA).
On Tuesday, July 9, 2024, Ben Franklin Technology Partners hosted a virtual pitch event for their TechCelerator Startup Bootcamp. Eight entrepreneurial teams presented their business startup ideas to a panel of judges, friends, family, and other community members for a chance to win $10,000 to launch their business.
According to Asparouhov, that background, and the time that Bruey spent running his own angel syndicate and working at Bank of America getting a grounding in finance and startups, made him an ideal candidate to run the next startup to be spun out of Founders Fund. Image Credit: Getty Images/AbelCreativeStudio.
So, in keeping with our mission, we present to you today a list of Ukrainian tech companies and initiatives you can support, the products you can use, and the startups which you – if you’re an investor – can look at funding. But over 90% of Ukrainian startups say they need financial support to survive the war.
She has worked with companies from all sectors, including Transportation, Telecom, and Manufacturing companies to guide their Supply Chain and Inventory strategies. My motivation to launch my startup came from identifying a gap in the market where I believed I could make a real difference. Thank you so much for joiningus!
Swedish autonomous electric vehicle startup Einride is aiming to continue the momentum sparked by partnerships with Oatly and Lidl by seeking additional capital, TechCrunch has learned. . capital markets by storm led, in part, by startups focused on the electrification of mobility. Self-driving startup Argo AI hits $7.5
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 Giving EV batteries a second life for sustainability and profit. Son Nguyen, founder and chief executive officer of Dat Bike. million in pre-Series A funding led by Jungle Ventures.
Robert Falck used to work at a Russian trucking factory by day, and by night, he built a nightclub guest list startup. The startup also offers an IoT system called Saga that runs through its fleet and helps the company and its shipping partners optimize routes, and manage and electrify fleets. Einride launched its U.S.
Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. As a data-driven company, we contribute to making the logistics industry fit for a sustainable future; ensuring transparency, flexibility and efficiency in the distribution of goods.
London and Berlin usually top the lists of European startup hubs, but Central and Eastern European countries like the Czech Republic, Estonia, Croatia and Poland have claimed a growing portion of the startup pie in the past few years. We are excited by environmental and sustainability sector, which we invest in. This city of 1.2
Vertical hydroponic farming is often seen as a sustainable alternative to traditional growing. It uses 95% less water, has less impact on soil and the urban farms can be placed in food deserts or close to grocers to cut down on transportation costs. Farmland could be the next big asset class modernized by marketplace startups.
Over the years, many of Revolution’s investments such as Zipcar, Sweetgreen, and Optoro have experienced explosive growth brought about by their ability to develop sustainable alternatives to problems consumers and businesses were facing in sectors like transportation, food, and e-commerce.
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